Avingtrans (LON:AVG) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Avingtrans plc (LON:AVG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 495.77 and traded as high as GBX 579.70. Avingtrans shares last traded at GBX 579, with a volume of 13,590 shares trading hands.

Avingtrans Trading Down 0.2%

The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69. The company has a market cap of £192.63 million, a PE ratio of 31.13 and a beta of 0.52. The company has a fifty day simple moving average of GBX 532.85 and a two-hundred day simple moving average of GBX 495.77.

About Avingtrans

Avingtrans plc has a proven strategy of “buy and build” in highly regulated engineering markets, a strategy it has named “Pinpoint-Invest-Exit”. Significant shareholder value is delivered through a clear strategy, a strong balance sheet and an agile and experienced management team.

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

The Group has ten business units organised into three operating divisions: the Energy Divisions comprising Engineered Pumps & Motors (EPM) and Process Solutions & Rotating Equipment (PSRE) and the Medical Division.